+1-415-670-9189
info@expertsmind.com
Personal financial planning
Course:- Term Paper
Reference No.:- EM13387




Assignment Help
Assignment Help >> Term Paper

The basic requirement is the preparation of a financial report that provides specific advice for client.

Jossiah and Jemima Benson have recently married and in planning their future have decided to solicit the services of a financial advisor with the aim of implementing their short and long term financial plans and lifestyle goals. Jossiah and Jemima are both aged 28.

For their immediate future they have decided they want to purchase a new house and a new car. The house they want has a value of $400,000 and they are very excited as both Jossiah and Jemima have never owned a home before. They would also like to buy a new car for $60,000, however are unsure whether to purchase the car outright or salary sacrifice in order to obtain the car. They expect to travel approximately 35,000 km per year.

Their longer term plans involve establishing a fairly aggressive investment portfolio with the aim of directly purchasing an investment property and investing in a share portfolio of some sort amongst other strategies that you may recommend. They have also heard from a friend that margin lending can be a profitable and expedite way to achieve their goals.

Jossiah works as a minister for a local church and earns $70,000 gross income, while Jemima works for a kindergarten and earns $55,000 gross income. They also enjoy taking holidays and plan to have a holiday each year to the value of $5,000 with an around the world trip planned for five years time to the value of $20,000. Jossiah and Jemima are also keen to retire early and are quite willing to take on additional risk if this assists in them achieving their lifestyle goals faster. They have managed to save between them $180,000 in cash and are looking forward to your advise on how they should go about planning for their future lives together.

Report contains

Background

Objectives

  • Return Objective
  • Risk Objective

Constraints

  • Liquidity
  • Time Horizon
  • Taxes
  • Legal and Regulatory
  • Unique circumstances

Capital Market expectation

Asset allocation

Review

Investment Policy Statement

Returns

Risk Objective

Liquidity

Time Horizon

Tax rate

Legal and Regulatory Requirement

Unique Needs

Asset Allocation

Capital market expectation

Conclusion

Bibliography




Put your comment
 
Minimize


Ask Question & Get Answers from Experts
Browse some more (Term Paper) Materials
Prepare a Research Paper about global warming. This research paper should be 5 pages, without the cover page and refereces page. font size is 12, and the whole research shoul
The essay topic is: Climate Change and the North (with particular Focus on the Inuit).  The purpose of this research paper is to help you engage with current events and conte
Describe and analyze virtual versus direct elected representation and how the interpretation by the British Empire and America Colonists impacted the American Revolution.
Write a three page paper on an analyze of a speech of your choice. Choose a speech you can find online. It can be a speech done by a musician, actor, political figure, or any
What forces of influence should be considered while identifying a problem through critical thinking? What methods can be used during problem formulation? What is a problem sta
Explain how the company's global strategy operates. b) What are the nature and drivers of the company global strategies? c) Identify and explain the challenges facing the glob
How would one use the sociological imagination to analyze the issue of prisoners as victims? After reading the results of this survey what are some question researchers migh
Describe the ideology of Revolutionary Republicanism that inspired the actions and hopes of Americans in the immediate aftermath of the Declaration of Independence.